Unemployment Numbers: Another Reality Check

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Unemployment Numbers: Another Reality Check

Written By : Melissa Clouthier

This is unsurprising:

You don’t create jobs by making the bureaucracy bigger. You pull resources from the private sector making job creation impossible.

President Obama is making all this worse by creating complete instability. No one knows what he is going to do next. So, businesses hoard cash. Business continue hiring freezes even as business seems to turn a bit. Basically, the whole country is in a holding pattern.

If Cap and Trade and Health Care passes, small businesses and their owners will have to cough up any excess cash they’re hoarding to supplement government fantasy programs. They know this. If Card Check passes, big businesses, mostly in the south, know that they will have to fend off threats of unionization and the financial mess that creates.

Instability everywhere does not foster a business and therefore, a job creating environment. It doesn’t look like President Obama or Congress intend to shift directions, so joblessness it is!

http://networdblog.blogspot.com/ Christopher_Taylor

The job losses continue to slow down, so although the percentage of people becoming unemployed officially has risen, at least the trend is slowing. My concern is when inflation hits its going to make matters much worse.
http://www.conservablogs.com/theconservativecrawfish/ reelman

INDEX WATCH…THE MISERY CREEP
The US Misery Index is now 9.6%…it was 8.51% in September…
cutting the demo-socialist Party some slack by starting in September…
after controlling congress since Jan. 2007…
they are nearing 3 years of making laws-spending. Look to democrats ALONE.
Misery Index for October 2009 (9.6%) = Unemployment rate (10.2%) + Inflation rate (-.6%)
If you search the Web…you will find that forecasts are for inflation to rise month after month…prediction is 0% for this month then on the rise.
Keep in mind demo-socialist J. Carter (21.98%) is the current recordholder for misery…as the demo-socialist Party gov-meant keeps wildly borrowing and vote buying we all know that produces a much HIGHER Misery Index.
We also know the next Socialist Party Phase is taxation.
Its simply what they do, what they believe in and what they will do again (while blameshifting-promising 24-7).
http://conservablogs.com/theconservativecrawfish
rjschwarz

Another factor is Iran. Something is gonna blow up over there (politically or physically) and when it does oil prices will spike. Few want to take economic chances now with that hanging over everything.
BIG

I thought Iran would have blown up by now. The people there have been screaming for Obama to take the side of freedom and democracy. But like Hondurus, he has chosen to side with the thugs and dictators.
http://conservativebootcamp.com martinhale

Few want to take economic chances now with that hanging over everything.

I agree with your premise here, but I think that in addition to oil prices, there are several other concerns that have people “frozen” on taking economic chances. The health care funding debate has essentially frozen one-sixth of our economy from making significant new investments. The takeovers of banks and auto companies have had a similar ‘freezing’ effect on investments in many similarly situated industries. Waxman-Markey and Kerry-Boxer both have frozen major energy producers and many other companies which use energy intensive processes from making new investments.

My point is that much of our economy is already sitting on the sidelines, holding off on making economic investments, while they wait for another shoe to drop in DC. In every other recession, the government has paid attention to the concept that one of their tasks is to return everything to normal; in this recession, the government has ignored the principal of ‘normalisation’ and taken the recession as an opportunity to completely change some of the fundamental economic tenets underpinning our economy. As a result, people are holding on to what they have and consolidating their positions rather than reinvesting in growth.

Oh, except for the munitions sector and the precious metals sector. I personally want to thank Mr. Obama and Mr. Geithner – all that gold I bought a few years ago has increased in value by nearly 50% and it looks like it’s going to continue to rise as the threat to our economy continues. Keep it up Timmy and Barry – you’re making me wealthier by the day!
http://networdblog.blogspot.com/ Christopher_Taylor

Yeah basically its too unstable out there financially for anyone to want to take risks or expand, so everyone is sitting and waiting for it to stabilize. I don’t blame them, I’d be really cautious too. Especially with the monetary supply so incredibly bloated. Gold is over $1100 an ounce, that’s just astounding to me. It never goes up like that unless the dollar plunges in value, that tells you what people think is going to happen – soon – to the value of the US Dollar (and thus, all currency worldwide).